The book's central theme is that a policymaker's role is to enhance the public's ability to co-ordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or...

The advent of liquidity as a matter of study and research in India may be traced back to the pre-crisis period literature on money supply which, having left its vestige until early 2010, revolved around macro-economic modeling of money, output and prices with sporadic attention to issues like...